"In an FHA loan, if you have an ARM/30yr Fixed you will have monthly MI for at least a minimum of 5 yrs, no matter what. At 5 yrs if you have reduced the principal from original appraisal (at time of purchase/refi) to 78% loan to value, the Monthly MI will drop off. That is the only way, without refinancing, that you can drop MMI off and FHA loan. Good luck"    View Post

"Anyone care to shed any light what is new with the HVCC. I'm still having a hell of a time with this. Killing deals right and left. I seem to be alligning borrowers with FHA's when they otherwise qualify for Conv. due to LTV restrictions. Couple killed deals. A lot of folks not wanting to even risk it, so they don't end up refinancing. Haven't had too much difficulty on the purchase side, as everything there is FHA/VA/USDA anyways..."    View Post

"Thats costing me a .25 as of this morning with my leader???"    View Post

"Dont be fooled, i have gone up against amerisave and aimloan.com on multiple occasions! There are points, there is no question about that. We all have the same rates for the most part. There is not one lender out there who has 5% with -0- points today. We, in this forum, are not here to gain your business, rather to help educate and inform the consumers out there looking for the right mortgage and mortgage professional to work with. Granted i do not know the exact specifics of your transaction, but..."    View Post

"the only way that this is even possible is if you have a loan amount of 400-417K, fico score above 800, and the ltv is < 60%. So in other words, enjoy the chicken flavored cat."    View Post